Retail news
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M&S to hold first pre-Xmas sale in four years
- Posted:
- 20 November 2008 09:30
M&S is to hold a one-day promotion with 20% off throughout the store. This is the first one-day sale that the retailer has held in four years and it is being taken by analysts as an indicator that the retailer is continuing to face difficulties. The sale comes as other ...read more
Small firms to get tough times boost
- Posted:
- 24 October 2008 09:31
;Smaller retailers are to get a welcome boost in tough times as landlords prepare measures that will allow businesses with three outlets or less to avoid paying quarterly rent in advance. The government also announced the creation of a forum for small businesses to address the problem of curbs on ...read more
Sir Philip Green criticises UK banks as Arcadia profit falls
- Posted:
- 21 October 2008 09:43
Sir Philip Green has said that it is now unlikely that he will buyout Baugur's debts held by three of the crippled Icelandic banks. The Arcadia and Bhs boss also criticised UK banks for being too ready to give out loans without considering the consequences. His comments followed the announcement ...read more
Is the future Green for Baugur brands?
- Posted:
- 13 October 2008 09:19
;Topshop tycoon Sir Philip Green is poised to increase his influence over the UK high street after talks were held in Iceland to buy the £1 billion of debt held by Baugur. The group, which has stakes in, amongst others, Hamleys, frozen food chain Iceland and Karen Millen, is thought to ...read more
Bhs facing "competitive and unpredictable" trading
- Posted:
- 07 October 2008 09:21
The billionaire boss of Bhs, Sir Philip Green, has described trading as "competitive and unpredictable" after sales at the chain fell 4% in the last six weeks. The company also reported a 39.6% fall in operating profits to £30.2 million for the year to March 29th. Sir Philip famously paid himself ...read more
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